Property insurance in Georgia isn't legally mandatory for owners (unlike many mortgage markets where the bank requires a policy as a loan condition), but it's widely used in practice.
When insurance is required
Banks issuing a mortgage almost always require insuring the collateral property for the loan term. For cash purchases, insurance remains optional.
What a policy covers
- Standard property insurance covers fire, flooding, natural disasters and sometimes earthquake (Georgia is a seismically active region — worth confirming separately).
- You can additionally insure movable property (furniture, appliances) and third-party liability toward neighbors (in case a leak from your unit damages someone else's).
Who offers it
Georgia's major insurers — Aldagi, GPI Holding, Ardi Insurance and others — offer policies to individuals, including non-resident owners.
Practical tip
If you rent out your apartment (see the article on renting out), liability insurance is especially worthwhile — it protects against claims for damage a tenant causes to third parties.